fraud

Cybersecurity

Watch out! Your next travel booking might turn out to be a fraud

SINGPORE (June 12): Cybercriminals are capitalising on consumers’ risky holiday booking habits for their favourite destinations, according to McAfee.

Fintech

Forgers are forcing a US$9 tril business into the digital age

(May 6): The US$9 trillion ($12.3 trillion) business of financing global trade needs to go digital, according to southeast Asia’s second-biggest lender.

Singapore bans former HSBC, UOB bankers on fraud, dishonesty

SINGAPORE (April 11): Singapore has meted out lengthy bans to convicted former HSBC Holdings Plc and United Overseas Bank Ltd. bankers for fraud and dishonest conduct.

Cryptocurrency

No end in sight for crypto sell-off as Bitcoin approaches US$4,000

LONDON (Nov 21): Turmoil engulfed cryptocurrency markets again on Tuesday, with every major coin extending a rout that’s rocked confidence in the nascent asset class just as US regulators try to cl

Ex-billionaire Singh brothers found to have defrauded Fortis Healthcare

(Oct 18): India’s stock market regulator has determined the former owners of the nation’s second-largest hospital chain defrauded the company of 4 billion rupees ($74.9 million) and ordered that th

Management & Corporate Governance

PwC to pay FDIC US$625.3 million for failure to uncover fraud: US judge

(July 3): A federal judge on Monday said PricewaterhouseCoopers LLP must pay US$625.3 million ($855.3 million) in damages to the Federal Deposit Insurance Corp (FDIC) for failing to uncover fraud t

In print this week

DISA helps US megastores counter fraud with anti-theft system

SINGAPORE (June 1): According to the US National Retail Federation, some 10% of goods sold last year, or US$350 billion ($470 billion) worth, were returned to stores.

In print this week

How Trump consultants exploited the Facebook data of millions

(Mar 26): As the upstart voter-profiling company Cambridge Analytica prepared to wade into the 2014 American midterm elections, it had a problem.

Sarine to sue overseas manufacturer for fraudulent misuse of Galaxy system

SINGAPORE (Jan 4): Sarine Technologies and its wholly-owned subsidiary, Galatea, are taking legal action against an unnamed manufacturer in Surat, India, for the deliberate under-reporting of rough

3 obstacles faced by digital service providers in gaining consumer trust

SINGAPORE (Nov 13): Singapore is among the lowest-ranking when it comes to trusting digital services offered in its country, coming in only above Indonesia and on-par with Thailand.

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